On the daily chart, indicators show oversold conditions, signaling potential for a rebound. However, the hourly chart suggests a gradual return of bullish sentiment, indicating a possible weakening of bearish momentum. Friday’s session saw NZD/USD slip just below 0.6000, affirming a bearish trend dominated by sellers. The pair remains positioned below key Simple Moving Averages (SMAs), reinforcing the bearish sentiment. Despite indications of strengthening selling pressure, oversold conditions on technical indicators may pave the way for a rebound in buying momentum.

Daily RSI for NZD/USD resides in negative territory, signaling a prevailing downtrend led by sellers. At 33, the RSI approaches oversold levels, hinting at potential corrective movement ahead. The MACD histogram on the daily chart shows increasing red bars, further confirming negative momentum.

Turning to the hourly chart, RSI levels echo a similar oversold scenario, with a reading of 28. However, the MACD displays rising green bars, suggesting a nascent positive momentum.

In summary, while the daily chart reflects sustained bearish momentum, hourly indications of a strengthening positive momentum in the MACD histogram may offer relief from selling pressure. With the pair positioned below key SMAs, the broader trend remains bearish.


Today last price0.5993
Today Daily Change-0.0051
Today Daily Change %-0.84
Today daily open0.6044
Daily SMA200.6122
Daily SMA500.6123
Daily SMA1000.6134
Daily SMA2000.6078
Previous Daily High0.6107
Previous Daily Low0.6037
Previous Weekly High0.6191
Previous Weekly Low0.608
Previous Monthly High0.6219
Previous Monthly Low0.6037
Daily Fibonacci 38.2%0.6064
Daily Fibonacci 61.8%0.608
Daily Pivot Point S10.6018
Daily Pivot Point S20.5993
Daily Pivot Point S30.5948
Daily Pivot Point R10.6088
Daily Pivot Point R20.6133
Daily Pivot Point R30.6158

By Admin

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